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The stock has been in great momentum this week gaining more than 11% over the five trading sessions, significantly outperforming the S&P BSE Sensex which has given 0.94% returns during this time.

Power Finance Corporation (PFC) has launched the Tranche I Issue of non-convertible debentures (NCDs) with a base issue size of INR 500 Cr ($66m) and a green shoe option of up to INR 4,500 Cr, totaling INR 5,000 Cr. The debentures are rated AAA by ICRA, CRISIL, and CARE and have tenures of 3, 10, and 15 years

The company has not shared the date for the annual general meeting. “We shall inform you in due course the date on which the company will hold its Annual General Meeting for the year ended March 31, 2023,” RIL statement reads

Net interest margin for the quarter improved to 13% from 11.1% in the year ago period. Net interest income rose by 65.4% year-on-year at Rs 763 crore.

The board has recommended dividend payout of Rs 9 a share, subject to approval of the shareholders.

The National Stock Exchange of India (NSE) has warned investors against a scheme promising assured returns offered by Ujjwal Priyadarshi and Neha, who were not registered with any authorised member of the bourse. The individuals were offering tips on securities

TCS, HCL, Wipro and Infosys have announced their Q1 earnings so far​

During the quarter, Reliance Retail records highest ever footfall at 249 million across all formats. "Retail business delivered robust growth, with fast-paced store additions and steady growth in footfalls. The contribution of Digital and New Commerce initiatives is scaling up, delivering value to consumers and providing synergistic benefits to merchant partners," says RIL chairman Mukesh Ambani

Reliance Industries (RIL) has announced a dividend of INR 9 ($0.12) per share for the fiscal year ended March 31, 2023, subject to company approval, marking the first dividend for nearly a year. The conglomerate also reported Q1 net profit of INR 160.11bn ($2.14bn), down 11% YoY, and revenue of INR 211,000 crore, down 5% YoY.

The profit figure, however, is higher than the estimate of Rs 1200 crore. The company reports an EBITDA of Rs 6,975 crore for the April-June period, down 35% from Rs 10,741 crore in the same period last year